Relay Therapeutics price to book ratio RLAY

Market value divided by the book value of the company's net assets, since 2020.

Today, Oct 23, 2026: 4.5×
6-year median: 2.2×
Against its 6-year history: 80th; percentile: 0 is its lowest day, 100 its highest
6-year range: 0.4× to 7.8×
Peer median: 5.6×

Relay Therapeutics' price to book ratio is 4.5× as of Oct 23, 2026.

That is above its 6-year median of 2.2×, higher than on 80% of days in the last 6 years.

Over that time it ranged from 0.4× in Apr 2025 to 7.8× in Jan 2021.

The median for 10 biotech stocks of a similar size is 5.6×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	4.5×	2.1×	6.0×
2025	2.4×	0.4×	2.4×
2024	0.9×	0.8×	1.8×
2023	1.7×	0.9×	2.7×
2022	1.8×	1.8×	5.1×
2021	5.8×	3.5×	7.8×
2020	5.2×	5.2×	6.7×

Against its peers

Companies in Biotechnology nearest Relay Therapeutics' size, closest first, today.

Company	Price to book ratio
RLAYRelay Therapeutics	4.5×
ADMAAdma Biologics	5.9×
VCELVericel	5.9×
KRYSKrystal Biotech	6.8×
RGENRepligen	4.7×
TECHBIO-TECHNE	5.4×
HALOHalozyme Therapeutics	99.3×
NBIXNeurocrine Biosciences	3.9×
EXELExelixis	8.7×
MGTXMeiraGTx	4.1×
INCYIncyte	3.7×
Peer median	5.6×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Relay Therapeutics

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.